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Kaplan University AC 551 homework Week 3

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Question;1.;What is the FASB conceptual framework project? Explain the benefit of this;project to the practitioner.;2.;Give examples of authoritative and nonauthoritative GAAP.;3.;How can the promulgation of an accounting standard impact economic behavior?;Discuss an example.;4.;Discuss the advantages/disadvantages of rule-based versus principles-based;accounting standards.;5.;Explain the overload of accounting standards. How is the FASB attempting to;overcome this issue?

 

Paper#41915 | Written in 18-Jul-2015

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